draw

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draw

(1) A request that a lender advance funds under a construction or other future-advances loan.

(2) A periodic request by a contractor or subcontractor for a portion of the contract price for a job, usually according to the percentage of completion of the work and the cost of materials and labor.

References in periodicals archive ?
MELBOURNE: Schumacher at last draws blood ten laps later taking Montoya on the inside at turn one as the Colombian ran slightly wide
The man, who draws blood from his arm during the attacks, struck for the fourth time in a week, at a Barclays cashpoint in Gillingham, Kent.
a laser finger perforator that nearly painlessly draws blood